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Wendy's Ground Lease 3801 Gravois Ave 3,486 SF Retail Building Saint Louis, MO 63116 $2,072,810 CAD ($594.61 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease to Wendy's with a Corporate Guaranty - Approx. 4 Years Remaining
- Wendy's Has Been Operating at this Location Since 2010 & Remodeled the Building in 2024
- Hard Corner Location with Prominent Signage and Multiple Access Points Outparcel to ALDI-Anchored Gravois Plaza
- Below Market Rent with Future Upside
- Dense, Infill Location with High Barriers to Entry and Strong Frontage Along Gravois Ave / U.S. Route 66, which Leads Directly to Downtown St. Louis
- 4 Miles from Downtown St. Louis - Located on the "Going Home" Side of Traffic
Executive Summary
Wendy’s ground lease located in St. Louis, MO, featuring a long-term corporate-guaranteed absolute NNN lease. The property is situated on a signalized hard corner outparcel to ALDI along Gravois Avenue, a primary commuter corridor just 4 miles from Downtown St. Louis.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,486 SF
Building Class
C
Year Built/Renovated
2010/2024
Price
$2,072,810 CAD
Price Per SF
$594.61 CAD
Cap Rate
5.50%
NOI
$113,968 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.77 AC
Zoning
G
Parking
35 Spaces (10.04 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4189-00-0020-0 | Improvements Assessment | $250,941 CAD |
| Land Assessment | $55,749 CAD | Total Assessment | $306,691 CAD |
Property Taxes
Parcel Number
4189-00-0020-0
Land Assessment
$55,749 CAD
Improvements Assessment
$250,941 CAD
Total Assessment
$306,691 CAD
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Wendy's Ground Lease | 3801 Gravois Ave
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